Chinese domestic steel market for Wednesday

The malaise in Chinese steel sector is deepening with every passing day and the price trends in first 7 days of 2015 outline that dark clouds are ahead for Chinese steel mills as well as global playersDespite government moves to improve liquidity and boost investments in infrastructure, domestic steel prices of various steel items in China continued the slide at several locations on Wednesday Incidentally, in line with physical market the most traded May rebar contract on the Shanghai Futures Exchange was also down 1.2 percent at CNY 2,581per tonne by 0330 GMT.There have been media reports suggesting that the Chinese government will try to boost economic growth by accelerating the construction of 300 infrastructure projects this year with a total value of CNY 7 trillion (USD 1.13 trillion) but some analysts said even that might not be enough to boost the market. Billets